Monday, May 11, 2026
  • Share your story
  • About
  • Contact
Economy FootPrint
  • Home
  • News & Politics
  • Opinion
  • Finance & Economy
  • Aviation
  • Editorial
  • Transport & Blue Economy
  • Features | Analysis
  • Health | Environment
Economy FootPrint
Home Finance | Insurance | Pension

Failed airtime, data transactions: CBN. NCAA working on 30-second refund framework

EconomyFoot Print by EconomyFoot Print
January 9, 2026
in Finance | Insurance | Pension, News
Reading Time: 1 min read
0
Failed airtime, data transactions: CBN. NCAA working on 30-second refund framework
Share on FacebookShare on Twitter

Telecoms customers who experienced service failure, especially airtime ad data purchases will get their refunds in 30 seconds if debited from March, 2026.

A new refund framework being worked on by the Nigerian Communications Commission (NCC) in collaboration with the Central Bank of Nigeria (CBN) seeks to address consumer complaints arising from unsuccessful airtime and data transactions during network downtimes, system glitches, or human input errors.

Related posts

Transcorp Declares ₦20.3bn Dividend at 20th AGM

May 11, 2026

CBN Engages Sub-national Governments…Says Its Committed to Inflation Targeting

May 10, 2026

A disruptive effort to meet their consumer-focused objectives, the refund framework is the outcome of several months of engagements involving the NCC, CBN, Mobile Network Operators (MNOs), Value Added Service (VAS) providers, Deposit Money Banks (DMBs), and other relevant stakeholders.

According to the NCC, these engagements were prompted by a rising incidence of failed airtime and data purchases, where subscribers were debited without receiving value and experienced delays in resolution.

Under the proposed new framework, where a purchaser is debited but fails to receive value for airtime or data—whether the failure occurs at the bank level or with an NCC licensee—the purchaser is entitled to a refund within 30 seconds, except in circumstances where the transaction remains pending, of which the refund can take up to 24 hours.

Speaking on the development, the Director of Consumer Affairs at the NCC, Mrs. Freda Bruce-Bennett disclosed that the framework also establishes a Central Monitoring Dashboard to be jointly hosted by the NCC and the CBN.

Previous Post

My mission is to tackle insecurity, create jobs — Prof Hon

Next Post

Naira records massive gains against US dollar as foreign reserves hit $45.61bn

Next Post
CBN’s Deft Banks’ Recapitalisation And Impact On Banking Sector Resilience, Economic Growth

Naira records massive gains against US dollar as foreign reserves hit $45.61bn

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

UBA Swims Against the Tide, Now Most Profitable Bank in Nigeria

UBA Swims Against the Tide, Now Most Profitable Bank in Nigeria

3 years ago

COAS Vows To Take Personnel Training To Next Level

1 year ago

43 Illegal Bunkering Hubs Dismantled, As Troops Recover 260,000 Litres Of Stolen Crude In Niger Delta

1 year ago

CBN Reaffirms Oversight, Assures Stability of Union Bank After Court Ruling

2 months ago

FOLLOW US

  • 86.2k Followers

BROWSE BY CATEGORIES

  • Aviation
  • Brands
  • Crime
  • Editorial
  • Features | Analysis
  • Finance | Insurance | Pension
  • Health | Environment
  • Industry | Trade | Commerce
  • International
  • Interview | Profile
  • News
  • Opinion
  • Politics
  • Small Business
  • Sports
  • Top News
  • Transport & Blue Economy
  • Uncategorized

BROWSE BY TOPICS

2023 Benue Budget Abuja-Kaduna Rail Access Corporation Access pension airports concession Aviation Ayu Benue Budget Benue Community Buhari Business CBN Central Bank Dana Air Economy FGPL Herdsmen Herdsmen attacks insecurity insurance Maritime Min of Transport MSMEs NAICOM NCAA Nigeria Nigeria -Cameroon Border Post Nigeria Air NRac Onne Port ooh Orrom Ortom PDP PenCom pension Railway Sambo Jaji Transcorp Transcorp Group Transcorp Hotels Plc UBA Ukohol Wike Wildon Ideva

BROWSE BY CATEGORIES

  • Aviation
  • Brands
  • Crime
  • Editorial
  • Features | Analysis
  • Finance | Insurance | Pension
  • Health | Environment
  • Industry | Trade | Commerce
  • International
  • Interview | Profile
  • News
  • Opinion
  • Politics
  • Small Business
  • Sports
  • Top News
  • Transport & Blue Economy
  • Uncategorized

Economy Footprint

The EconomyFootprint is published by Ideas Tent Communications Ltd®. All Rights Reserved.

Follow us on social media:

Recent News

  • Transcorp Declares ₦20.3bn Dividend at 20th AGM
  • CBN Engages Sub-national Governments…Says Its Committed to Inflation Targeting
  • Defence Minister Pledges to Boost Military Healthcare, Reduce Medical Tourism During AMCE Visit 

Category

  • Aviation
  • Brands
  • Crime
  • Editorial
  • Features | Analysis
  • Finance | Insurance | Pension
  • Health | Environment
  • Industry | Trade | Commerce
  • International
  • Interview | Profile
  • News
  • Opinion
  • Politics
  • Small Business
  • Sports
  • Top News
  • Transport & Blue Economy
  • Uncategorized

Recent News

Transcorp Declares ₦20.3bn Dividend at 20th AGM

May 11, 2026

CBN Engages Sub-national Governments…Says Its Committed to Inflation Targeting

May 10, 2026
No Result
View All Result
  • Home
  • Politics
  • News
  • Sports
  • Opinion